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Cranberry Journal

Saturday, October 17, 2026

Also in this edition
Markets
  • S&P 5007,659.44−1.09%
  • Nasdaq26,140.03−2.15%
  • Dow52,002.41−0.34%
  • 10-yr yield5.10%+0.18%
  • Crude$99.02+2.61%
At the close · Oct 17

Latest News

All stories

The Argument

Staying to Keep the Oil and Ending the War Soon Are Two Different Plans

Speaking at his golf resort in Ireland on Sunday, President Trump said the US would ultimately leave Iran "unless we decide to stay and keep the oil like Venezuela," and that gasoline prices would "drop like a rock" when the war ends. The two statements point in opposite directions. One describes a withdrawal. The other describes an occupation of the world's most contested oil infrastructure.

By Daniel Okafor  

An oil processing complex lit up against a black night sky.

The Long View

Saudi Arabia's Way Around Hormuz Is Shut, and Its Way Out of the Red Sea Is Held by the Houthis

Saudi Arabia shut its East-West pipeline after drone attacks last week, closing the main route its oil had used to avoid the Strait of Hormuz. Over the weekend the Houthis took Perim Island and with it control of the Bab al-Mandab, the strait that cargoes loaded at the pipeline's Red Sea terminal must pass to reach Asia. Brent rose toward $108 on Monday.

By Cory Chamberlain  

A container ship seen from directly above, crossing deep blue water near a reef.